An Expression of Interest (EOI) is a part of the tender process, the first stage where parties are invited to show their interest in the project/contract. It intends to filter a shortlist from the long list of companies that (seem to be) suitable ...
quant. n. Slang. An expert in the use of mathematics and related subjects, particularly in investment management and stock trading. [Short for quantitative .]. (kwÉnt). (kwÉnt).
Typically, the quants will give them a series of mathematical operations to perform and they will turn that into C++ code. We also have product-specific quantitative developers. Most of these guys sit on the trading floor and work on the pricing engines and sometimes proprietary trading systems.